2019 (2) TMI 245

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....the Revenue to challenge the judgment of the Income Tax Appellate Tribunal ("the Tribunal" for short) raising following questions of law for our consideration : (i) Whether on the facts and in the circumstances of the case and in law, the Tribunal was right in deleting the addition made by the Assessing Officer on account of Container Detention Charges (CDC) pertaining to the relevant assessment ....

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....gn base company, receives commission. The dispute between the assessee and the Revenue revolves around the Container Detention Charges ("CDC" for short). The assessee under peculiar circumstances of the case, though received certain amounts for and on behalf of principal, did not offered to tax immediately on the ground that there was delay in holding such sums on behalf of the principal. It is on....

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....;s attempt at taxing such income in respect of individual year has failed on several occasions since the reopening of assessment was not permitted. We wonder whether in such circumstances, it is even be prudent for the Revenue to pursue this line. Additionally, we record the statement of the Counsel for the assessee that in order to protect the assessee against double taxation, the assessee has f....